david rothkopf

"The global debt crisis, which is beginning in Greece, and spreading throughout the euro-zone economies of Spain, Portugal, Ireland and ultimately the entire EU, will further consume the UK, Japan and go all the way to America.[50] This will be a truly global debt crisis. Government measures to address the issue of debt focus on the implementation of ‘fiscal austerity measures’ to reduce the debt burdens and make interest payments on their debts.
‘Fiscal austerity’ is a vague term that in actuality refers to cutting social spending and increasing taxes. The effect this has is that the public sector is devastated, as all assets are privatized, public workers are fired en masse, unemployment becomes rampant, health and education disappear, taxes rise dramatically, and currencies are devalued to make all assets cheaper for international corporations and banks to buy up, while internally causing inflation – dramatically increasing the costs of fuel and food. In short, ‘fiscal austerity’ implies ‘social destruction’ as the social foundations of nations and peoples are pulled out from under them. States then become despotic and oppress the people, who naturally revolt against ‘austerity’: the sterilization of society."

"I think we are at a turning point," says David Rothkopf, chief executive of Intellibridge Corp., which advises companies on global trends. "In every meeting I've been in there is an undercurrent of resentment to the U.S. corporate establishment. There's a sense that the system doesn't work for everybody." What comes next, he says, is unclear; but the order is changing. ... Something new is afoot, and America's corporate leaders may not find it entirely to their liking.